Quick charity verification for Lovett And Ruth Peters Foundationinc (EIN: 208934367)
Verdict: Lovett And Ruth Peters Foundationinc shows mixed signals
55/100Mission Score
$539KRevenue
$4.7MAssets
4Red Flags
3Strengths
Red Flags
Consistent and significant deficit spending (expenses far exceeding revenue) over multiple years.
Dramatic decline in total assets, from over $17 million in 2013 to $4.7 million currently.
Long-term financial sustainability is questionable given the current spending patterns.
Liabilities have appeared and increased in recent years (e.g., $543,510 in 2023) after being zero for several years.
Strengths
No reported officer compensation, indicating efficient use of funds in this area.
Consistent filing of IRS 990 forms, demonstrating transparency in reporting.
Significant asset base, despite the decline, still allows for substantial grant-making or program activities.
Spending Breakdown
How Lovett And Ruth Peters Foundationinc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lovett And Ruth Peters Foundationinc
Is Lovett And Ruth Peters Foundationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lovett And Ruth Peters Foundationinc (EIN: 208934367) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
Is Lovett And Ruth Peters Foundationinc a good charity to donate to?
Lovett And Ruth Peters Foundationinc has a Mission Score of 55/100. Revenue: $539K. Assets: $4.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lovett And Ruth Peters Foundationinc?
The Employer Identification Number (EIN) for Lovett And Ruth Peters Foundationinc is 208934367. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lovett And Ruth Peters Foundationinc spend its money?
Lovett And Ruth Peters Foundationinc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lovett And Ruth Peters Foundationinc's tax-exempt status?
You can verify Lovett And Ruth Peters Foundationinc's tax-exempt status using EIN 208934367 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Lovett And Ruth Peters Foundationinc exhibits a concerning trend of declining financial health over the past decade. While the organization's latest reported revenue is $538,913, its expenses have consistently outpaced revenue, leading to a significant depletion of assets. For instance, in 2023, expenses were $1,172,204 against revenue of $394,343, and this pattern of spending more than it earns has been consistent since at least 2015. The organization's assets have plummeted from a high of $17,036,729 in 2013 to $4,701,316 currently, indicating a substantial draw-down on its endowment or principal over time. This long-term trend of negative net income raises questions about the sustainability of its operations without a significant change in its financial strategy.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess. However, the consistent deficit spending suggests that the organization is not operating efficiently within its current revenue streams. The absence of reported officer compensation across all filings is a positive indicator for transparency in that specific area, suggesting that executive pay is not a drain on resources. However, the overall financial trajectory points to a need for greater fiscal discipline or a revised funding model to ensure long-term viability.
Transparency is generally good in terms of publicly available 990 filings and zero reported officer compensation. However, the significant and continuous decline in assets due to expenses far exceeding revenue is a major concern that warrants further investigation into the nature of these expenses and the foundation's grant-making strategy. The foundation appears to be spending down its principal rather than operating on investment income, which is a common model for private foundations but needs to be managed carefully to avoid premature depletion.